Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices surged after Russia invaded Ukraine. The 38-percent year-on-year decline "mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins", the largely state-owned company said in a statement published on the Saudi stock exchange. The decline followed a drop of 19.25 percent in first-quarter net profit. Aramco's CEO Amin Nasser said in a separate statement that "our strong results reflect our resilience and ability to adapt through market cycles." The firm's "mid to long-term view remai
Hence then, the article about saudi aramco q2 profits drop by nearly 40 from last year was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Saudi Aramco Q2 profits drop by nearly 40% from last year )